Perot family’s Circle T Ranch north of Fort Worth to be 130-acre mixed-use project

Westlake_mixed_use_circleT_ranch

Proposed DFW Westlake mixed use real estate development by Hillwood and Howard Hughes Corp. Art courtesy of Dallas Morning News.

Article by Steve Brown and the Dallas Morning News

Developer Hillwood will team up to turn part of the Perot family’s Circle T Ranch north of Fort Worth into a 130-acre mixed-use development.

Hillwood said Wednesday that it will build the $1 billion Westlake project in partnership with Howard Hughes Corp., which owns a section of the land.

The proposed development on State Highway 114 will include a new 500,000-square-foot office campus for Charles Schwab Corp.

“Schwab caused us to really change the plans for the property,” said Mike Berry, president of Hillwood Properties. “They need support development adjacent to their office campus.

“Our plan is to initiate the development in timing with their office uses,” Berry said. “We are focused on adding some retail space, day care and fitness space, and a possible hotel.” Read More >